Schlechte 'quarterly results' XLGI

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Quarterly results, December 30th 2005

These conditions raise substantial doubt about the Company's ability to continue as a going concern. Management's plan for the Company's continued existence includes selling additional stock through private placements or borrowing additional funds to pay overhead expenses while current marketing efforts continue to raise its sales volume. The future success of the Company is dependent upon its ability to achieve profitable operations, generate cash from operating activities and obtain additional financing. There is no assurance that the Company will be able to generate sufficient cash from operations, sell additional shares of common stock or borrow additional funds. The inability of the Company to obtain additional cash could have a material adverse effect on its financial position, results of operations and its ability to continue in existence.

The Company posted a net loss of $3,001,562 for the nine months ending September 30, 2005, compared to a net loss of $211,246 for the nine months ending September 30, 2004. Total sales for the nine months ended September 30, 2005 were $1,200,074, compared to total sales for the nine months ended September 30, 2004 of $131,273. Total costs and expenses for the nine months ended September 30, 2005 were $4,201,636, compared to total costs and expenses for the nine months ended September 30, 2004 of $342,519.

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